Announced Tue, 15 Sept · 17:56 IST
Promoters release pledge on 1.5 crore shares after loan repayment
MASTERTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹88.18
prior close
₹88.16
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.5-0.2-1.5-3.3-1.1+1.8-0.2———————
Up moveDown movePending
AI summary
Promoters Harjeet Singh Arora and Rajinder Kumar Singhania of Master Trust Limited have released the pledge on 75 lakh equity shares each, totalling 1.5 crore shares, previously encumbered in favor of ICICI Bank as collateral for a loan taken by wholly owned subsidiary Master Capital Services. Release is due to loan repayment or closure. Promoter group holds 71.93 percent of the company with 12.20 percent currently pledged.
Likely market impact
Positive for shareholders as pledge release reduces encumbrance risk and signals healthy loan repayment by the subsidiary.